507 E 45th St, Garden City, ID for sale

Investment Overview

Lee & Associates is pleased to present this one-of-a-kind office/warehouse/flex building at a competitive new price located along the Boise River in Garden City. The property offers flexible use options for an owner/user or investor (partially leased with month-to-month leases). The owner is willing to work a vetted buyer with Seller Financing, that can be more competitive than current mainstream lenders. This site is becoming increasingly rarer as Garden City continues to rapidly morph, and the adjacent land is being marketed for sale as a large redevelopment project. The office component includes approximately 4,116 SF of remodeled space, built out to accommodate up to three tenants (currently occupied by one user). Common areas feature a shared lobby, a large, updated kitchen/breakroom, and upgraded restrooms. Adjacent to the office is approximately 10,000 SF of clean warehouse space with multiple roll-up doors and several small built-out offices, all recently renovated. The green-conscious improvements include new LED lighting throughout, providing significant annual savings on Idaho Power utilities. The property offers front parking for approximately 30 vehicles, a ±30,000 SF contractor’s yard which is currently leased month-to-month, and a 1,000 SF outbuilding with a roll-up door, ample power, a covered storage area, and a restroom.

Investment Highlights

• New pricing with the option for owner carry financing with competitive terms
• Renovated units close to the greenbelt and surrounded by redevelopment land that is currently for sale
• Multiple buildings on site, full fire suppression, all hvac has been rebuilt or replaced
• Current leases in place are month-to-month, giving flexibility and income coming in.